Flügger - Video presentation of the interim update for Q1 2026/27

FLUG BAnalyst Comment2026-10-06 14:13

Rasmus KøjborgHead of Research, Stables

Automatic translation: Originally published in Danish 06/10/2026, 12:13 GMT. Give feedback here.

Flügger published its interim update for Q1 2026/27 last week. In connection with this, the company presented the figures and the latest developments this week.

Joining us from Flügger were CEO Sune Schnack and CFO Lucas Eichild, who also answered questions from the audience.

If you missed the live broadcast, you can watch the recording here: https://www.inderes.dk/videos/flugger-praesentation-af-kvartalsopdatering-for-1-kvartal-202627

Disclaimer: HC Andersen Capital receives payment from Flügger for a Digital IR subscription agreement. /Rasmus Køjborg, CFA at 2:10 PM on October 6, 2026.

Flügger develops, produces, markets, and sells interior and exterior decorative paint, wood stains, filler, and tools; selling to professional painters, private customers, and builder’s merchants. Flügger originates from Denmark and is listed on the Nasdaq OMX Copenhagen Stock Exchange. Flügger has a strong market position in the Nordic markets, where it is the market leader in Denmark. Its physical Flügger Farver stores are well known throughout the Nordic region and are the company’s primary sales channel; however, Flügger also has private label sales via builder’s merchants as well as developing e-commerce capabilities. Flügger’s position in the Nordics is relatively stable, whereas the company has growth via export markets and its own presence in Eastern Europe, with a long history in Poland and by the acquisitions of Unicell and Eskaro.

Key Estimate Figures05/10

	2026	27e	28e
Revenue	2,313.0	2,413.5	2,518.2
growth-%	1.8 %	4.3 %	4.3 %
EBIT (adj.)	108.0	123.8	141.0
EBIT-% (adj.)	4.7 %	5.1 %	5.6 %
EPS (adj.)	22.90	28.95	33.85
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	-	13.1	11.2
EV/EBITDA	-	11.3	10.8